Accounting

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Transcript of Accounting

AccountantWhat is it like to do accounting?Salary and BenefitsFuture OutlookJob Opportunities:EmployersYou could be self- employed and possibly work your way up to manage your own accounting firm Similar OccupationsAuditorsAnalysts Financial ExaminersTax CollectorRevenue Agent Business Teacher Tax PreparersPersonal Financial Advisor Chief ExecutivesAppraisers, Real Estate Financial PlannerTax Attourney Corporate Treasurer Minimum and Maximum SalaryMinimum: $36 750Maximum: $105 000BenefitsHealth: TD Bank - special privileges like preferred group rates, enhanced coverage and flexible limits.SunLife Financial - can access details about the comprehensive benefits plan, including Term Life, Critical Illness, Long Term Disability, Extended Health Care, Dental and Accidental Death and Dismemberment Insurance.Post-Secondary Educationbachelor's degree in accountingbachelor's degree in accounting science or business administrationa university certificate in accounting or administration, or a diploma of collegial studies in accounting and management technology, combined with experience in accounting related occupationsInstitutionsCamosun College Victoria, BCWhat courses do you need to take in high school?Just what do they do?Accountants: Analyze financial data for clients, businesses, and corporations Prepare reports that help businesses and clients make financial decisions and help them progressCompute taxes and prepare tax returns AuditRecord and keep track of financial accounts and transactions Prepare financial reports Balancing accounts Checking for accuracy of transaction recordings Thank You What do you actually do?Work Cited: Skills you need... What skills do you need?How many hours are you working?What are the working sites and conditions?Hours of workWorking Site and Conditions

Time :

Self employed: - Depends on how long you are willing to work- Could be 10-12 hours a day- As long as you have a laptop, internet, you can work from anywhere

For a firm (as a public accountant): - Further experience:~50-60 hours a week (possibly a few hours on weekends) - When you're first starting out or it's tax season:~10-14 hours during the day~about 5 hours during weekends~60 – 80 hours a week during tax seasonMathematicsDetailed and accurate Good at multitaskingGood with and working with people Speaking and Writing Critical thinking Be good at problem solving Judgment and decision makingTime management http://job-descriptions.careerplanner.com/accountants.cfm http://www.allbusinessschools.com/business-careers/accounting/job-description/ http://www.careerexplorer.net/day-life/day-life-accountant http://job-descriptions.careerplanner.com/Accountants-3.cfm http://www.jobwings.com/en/job-advice/accounting-jobs/key-numbers/salaries-finance-and-accounting-sector http://www.payscale.com/research/CA/Job=Chartered_Accountant/Salaryhttp://work.chron.com/jobs-similar-accounting-13693.htmlhttp://www.cica.ca/index.aspx http://www.careerqa.com/questions/what-does-an-accountant-do/ http://www.cica.ca/resources-and-member-benefits/ca-member-savings-program/item49427.aspx http://www.cma-canada.org/index.cfm?ci_id=2266&la_id=1http://www.accountingcoach.com/careers/accounting-jobshttp://www.servicecanada.gc.ca/eng/qc/job_futures/statistics/1111.shtmlhttp://camosun.ca/learn/programs/business-administration/degree/accounting/admission-requirements/index.htmlhttp://www.fanshawec.ca/ Accountants generally work in an officeYou should be prepared to travel and be moved to different locations You can work from home Fast-pacedDeadline orientedYou usually dress professionally or business casualEnvironment:Where:Average: $50 000 - $60 000Salary depends on:Years of experienceYour positionYour field of accounting Bonuses:Depending on experience, accountants can receive bonuses from $0 up to $10 000National Offers: Discounts off certain hotels and resorts, Park 'n' Fly, and ViaRail CanadaUp to a 35% discount on FedEx shipping, or 6 cents per minute for calling on InterCallYou can get 25 000 Welcome Points on your American Express CardSave up to $1 500 on a purchase of a new Mercedes-BenzExclusive pricing and price reductions off different brand names What can you get from being an accountant? *You Help Keep Track of the Money of Others*CPA firmsthese range from single-office firms, regional multiple office firms, and international firms with offices all over the world Companies like manufacturers, banks, insurance companies, government agencies, etc.job openings reveal themselves usually when accountants leave their position due to either retirement or promotion to higher positionsThe number of people in this profession is expected to increases slightly over the next few years Low unemployment rate Most positions that are availible are full time According to Service Canada, the outlook for future bachelor's degree graduates in this field "is excellent"The labour market has the capability and capacity to take in a high amount of graduates Amount of training usually depends on the jobYou should at least have a bachelor's degree in accounting Many employers will require: You will most likely need obtain experience in the accounting field Generally, there are no specific requirements for becoming an accountant, but institutions have their own prerequisites It is recommended, however, to take: 2 sciences, in either gr 11 or gr 12, either chemistry, biology, or physicsAn advanced math course such as pre-calculus or calculus 11 or 12English 12Taking any available business or accounting courses will be helpful Either C+ in English 12 C+ in English First Peoples 12EitherC in Principles of Math 11 Pre-calculus 11 Foundations of Math 11Applications of Math 12LOCAL:OUT OF PROVINCE:Fanshawe CollegeLondon, Ontario By: Mikka Marin